Crypto Currency, Enterprise

The Top 10 Cryptocurrencies for 2018

For many people, 2017 will be considered the year that Cryptocurrencies entered the mainstream. No longer an obscure new technology…

For many people, 2017 will be considered the year that Cryptocurrencies entered the mainstream. No longer an obscure new technology used by a small number of enthusiastic followers, knowledge of their potential value is now widespread and many are looking for the Top 10 Cryptocurrencies for 2018.

Trading different Cryptocurrencies for investment purposes has become normal with many investors making large financial gains over the previous 12 months.

However, in recent weeks, there have been several events that have caused short-term volatility in the prices of various Cryptos. In some cases, the price falls have been dramatic.

Looking forward into 2018, what Cryptocurrencies are likely to weather this storm and come out on top at the end of the year?

 

The Strongest Contenders

 

1. Bitcoin (BTC)

This is the original cryptocurrency, emerging in 2008 after it was released by an anonymous programmer or group of individuals under the pseudonym of Satoshi Nakamoto.

Although it has increased in value throughout 2017, this is causing problems as the huge amount of people trading it has made its value incredibly volatile, meaning that it is increasingly difficult to use to buy things.

Its value, however, could still be driven higher in 2018.

There are a very small number of cryptos which you can buy directly with fiat currency on trading exchanges. On a Cryptocurrency trading platform, you usually have to buy an established crypto like Bitcoin with fiat currency and then trade that for the crypto you actually want to purchase.

The fact that Bitcoin is still peoples first choice in this regard means that it remains a very important Cryptocurrency in 2018.

 

2. Ethereum

This is often seen as the number two option in the Crypto community and is looked upon as Bitcoin’s main rival. However, it is very different to Bitcoin.

It is composed of two parts ‘Ethereum’ which is the underlying network and ‘Ether’ which are tokens sent on the network.

Again, whilst Ethereum is not in use widely by the general public, the fact that you usually have to buy an established crypto with fiat currency and then trade that for the crypto you actually want to purchase means that Ethereum, which is also used in this regard, is likely to continue to be popular in 2018.

 

3. Ripple (XRP)

This is a Crypto that experienced huge price rises in 2017. Despite appearing to be a competitor to the other major Cryptos, Ripple serves a different purpose and is, in fact, a centralised transaction network which can be used to transfer money just like a bank.

Money sent on the Ripple network is converted into the XRP token on one end and then back into the currency of choice at the other end.

Towards the end of 2018, several major companies began to announce trials of Ripple in its capacity as a payments mechanism. Should any of these trials prove successful in 2018, this could be the first Crypto to be used widely with obvious implications for demand for the XRP token.

However, it is not alone though in its design as a transaction network and has some competition in Stellar.

 

4. Stellar (XLM)

Launched in 2014 Stellar is different. Whereas most of the coins out there are just coins, Stellar is comprised of two things, the Stellar network, a network that can potentially be used to transfer everything from Dollars to Bitcoin and the other part, Stellar Lumen.

Stellar Lumen were coins created by the founders of Stellar. These tokens can also be sent on the Stellar network to pay for things potentially. But they have another use. There is a fee to send anything (Dollars, Bitcoin) on the Stellar payment network and this fee is paid in Stellar Lumen.

One Lumen is enough to make 100,000 payments though so a little goes an awful long way. When the time comes to sell Stellar it’s the Stellar Lumen tokens you will be selling.

After a slow start, there were several trials announced of Stellar in its capacity as a payments mechanism in late 2017 with the first Stellar ATM due to launch in Singapore shortly. Like Ripple, it faces into an exciting 2018.

 

5. Monero (XMR)

Monero is an open source Cryptocurrency that was created in 2014. It represents a revolution in Cryptocurrency technology.

It improves on existing Cryptocurrencies as it hides the identity of the sender, recipient and transaction amount using a sophisticated algorithm which has been extensively tested.

In the future, the value of Monero is potentially very strong. Its supply is about the same as Bitcoin yet the underlying technology potentially represents a major improvement on Bitcoin.

The technical structures used to preserve anonymity are stronger than Bitcoin and transaction speeds using the coin are at present much faster than Bitcoin.

 

The challengers

Whilst the 5 coins above remain likely to grab all the attention in 2018, the next 5 on our Top 10 Cryptocurrencies list are the ones which could generate some surprises.

 

6. Bitcoin Cash (BCH)

In August 2017 a disagreement between Bitcoin users over its increasing technical limitations led to what is known as a fork of the Bitcoin code. A group of Bitcoin enthusiasts ‘forked’ the token by switching to new software, hoping it could grow and scale in a way that Bitcoin could not.

The result of that fork was the birth of a whole new token, with a whole new circulation and a new public ledger sperate from the original Bitcoin ledger.

Since its inception, the coin has nearly always been in the top 10 Cryptocurrencies. It has yet to overtake Bitcoin but its founders surely hope that their technical efforts will bear fruit in 2018.

 

7. Cardano (ADA)

Yet another platform used to send and receive digital money, employing the use of its digital token ADA. It was created by Ethereum co-founder Charles Hopkinson in 2015 and is most popular in Japan.

Cardano is managed by an international group of scientists and academics specialising in blockchain technology. Again, should its unique technology result in more adoption it would become an important Crypto to watch in 2018.

 

8. NEO (NEO)

This is a relatively new Cryptocurrency. It enables the development of smart contracts and assets on the blockchain. Neo’s objective, while ultimately utilising many of the same technologies as Ethereum, is to be the platform for a new smart economy

NEO is compared to Ethereum because the two platforms share similar roles and goals, but the underlying technology is very different.

This coin is in its very early days but is supported by an excellent team and had an excellent 2017 with many investors encouraged by its potential based on the high profile of its founders.

 

9. Litecoin (LTC)

Litecoin is a peer-to-peer Cryptocurrency. Notable differences between Litecoin and say Bitcoin is Litecoin’s much faster transaction speeds and 84 million token limit in comparison to Bitcoins 16 million. However, it does have a more memory intensive mining process than Bitcoin.

Whilst it is likely to remain popular in 2018, it is facing into an increasingly competitive market. Its speed though means it will likely continue to remain relevant throughout the year.

 

10. EOS (EOS)

EOS is another blockchain platform aiming to overtake Ethereum as the go-to infrastructure for decentralised apps.

Revealed to the world at the Consensus 2017 event, it is very new and has some way to go to become established.

The platform was created to overtake Ethereum’s low number of transactions per second, which EOS’ founders believed was not high enough to support what would be needed in the future.

EOS can handle up to 50,000 transaction confirmations per second. This puts it ahead way of Ethereum in terms of speed.

One to watch and our final entry to our Top 10 Cryptocurrencies for 2018.

To check on all the current Cryptocurrency prices – CoinMarketCap

Crypto Currency

‘Fortnite’ vulnerability put millions of accounts at risk

It turns out that for the millions of people playing Fortnite, there was more than just a Victory Royale at stake.  On Jan. 16, internet security firm Check Point Research disclosed a vulnerability in the popular online video game that could have allowed malicious actors to take over practically any Fortnite account — all a…


It turns out that for the millions of people playingFortnite, there was more than just a Victory Royale at stake. 

On Jan. 16, internet security firm Check Point Research disclosed a vulnerability in the popular online video game that could have allowed malicious actors to take over practically anyFortniteaccount — all a player had to do was click a malicious link. 

“By discovering a vulnerability found in some of [Fortnite owner] Epic Games’ sub-domains, an XSS attack was permissible with the user merely needing to click on a link sent to them by the attacker,” explains the report. “Once clicked, with no need even for them to enter any login credentials, their Fortnite username and password could immediately be captured [by] the attacker.”

Epic Games confirmed the now-patc

Read More

Continue Reading
Crypto Currency

The sad story of a lonely alleged SIM swapper who stole millions

You probably shouldn’t feel sorry for Nicholas Truglia. It’s just that his story is so pathetic. The 21-year old Manhattan resident was arrested last November and extradited to California in December. There, he’d face 21 felony counts relating to accusations of SIM swapping his way to a million dollars worth of stolen cryptocurrency. While Truglia’s…


You probably shouldn’t feel sorry for Nicholas Truglia. It’s just that his story is so pathetic.

The 21-year old Manhattan resident was arrested last November and extradited to California in December. There, he’d face 21 felony counts relating to accusations of SIM swapping his way to a million dollars worth of stolen cryptocurrency. While Truglia’s fate remains unclear, details of his life leading up to the arrest have begun to emerge thanks to a lawsuit filled by a separate alleged victim, and oh man is it a wild ride. 

As Krebs on Security reports, a lawsuit filed by Michael Terpin — a cryptocurrency investor and self-described “thought leader” — against Truglia claims he lost over $23 million after Truglia SIM swapped him and drained his crypto accounts in January of 2018. That document, and a supporting affidavit by one of Truglia’s former friends, tells the story of a cash-flush young man who saw himself as untouchable. 

And, perhaps unsurprisingly, they also paint Truglia as kind of an asshole. 

The now-deleted Twitter profile pic of @erupts, the account allegedly once belonging to Truglia.

The now-deleted Twitter profile pic of @erupts, the account allegedly once belonging to Truglia.

Image: twitter / waybackmachine

“Nick likened himself to Robin Hood who robs from the rich but did not give to the poor,” explained Chris David, former associate of Truglia’s, in the aforementioned affidavit. 

Instead, the documents paint a picture of someone who delighted in giving to himself — in the form of a Rolex, a $6,000-a-month apartment, and a $100,000 stack of cash he kept on his credenza. But that clearly wasn’t enough for him.

According to David, Truglia operated the now-suspended Twitter account @erupts, where he lamented that his wealth didn’t bring him friends, and even bra

Read More

Continue Reading
Crypto Currency

Ethereum is about to get a big upgrade. Here’s what you need to know.

Ethereum, the third-largest cryptocurrency by market cap and the most popular platform for decentralized applications (dApps), is getting an upgrade on (roughly) Jan. 16.  The upgrade is called Constantinople and it makes the Ethereum network a bit more efficient, paving the way for bigger changes further ahead. It also brings some important changes for miners…


Ethereum, the third-largest cryptocurrency by market cap and the most popular platform for decentralized applications (dApps), is getting an upgrade on (roughly) Jan. 16. 

The upgrade is called Constantinople and it makes the Ethereum network a bit more efficient, paving the way for bigger changes further ahead. It also brings some important changes for miners on the network. 

Here’s an overview of what, exactly, is happening, and the steps owners of ether should undertake ahead of the fork. 

The answer to the second question is really easy: There’s no need to do anything. The upcoming upgrade, while technically a fork, will very likely be non-contentious, meaning there’s no disagreement on whether it should happen. This means Ethereum won’t split into two separate coins next Wednesday. If everything goes well — and chances are good that it will — your ether holdings will be exactly the same before and after the fork, regardless of whether your ether is located on a private wallet or an exchange. 

And no, ether holders will not be getting a new coin; if you see info about it anywhere, it’s either a scam or a mostly-irrelevant project that’s just trying to get some attention out of the confusion that surrounds every cryptocurrency fork (which is why I’m primarily calling Constantinople an upgrade and not a fork). 

Ethereum node operators and miners will have to update their software ahead of the upgrade; the links can be found here. 

Note that the January 16th date for the upgrade is approximate. The upgrade should happen when block 7,080,000 on the Ethereum blockchain is mined, which is currently approximately Wednesday, Jan, 16, 8pm UTC, but the exact time will shift a little as new blocks aren’t always found in the same amount of time. 

Paving the way for a faster future

With that out of the way, there are still a few things you should know about this upgrade. 

Constantinople consists of five Ethereum Improvement Proposals (EIPs), which are documents explaining a new feature or change in Ethereum’s code. Explaining them in detail might

Read More

Continue Reading
Enterprise

Nvidia in 2018: faster and faster, pricier and dicier

2018 started off with all the makings of a hot year for Nvidia. Everyone was still talking about cryptocurrency, and Nvidia’s graphics cards were caught up in the middle of the mining craze. The prices of existing Nvidia cards like the GeForce GTX 1080 Ti were nowhere close to as low as they should have…


2018 started off with all the makings of a hot year for Nvidia. Everyone was still talking about cryptocurrency, and Nvidia’s graphics cards were caught up in the middle of the mining craze. The prices of existing Nvidia cards like the GeForce GTX 1080 Ti were nowhere close to as low as they should have been, and the company’s flagship cards were long overdue for an update. Thankfully, we just got that with three brand newNvidia TuringGPUs plus a whole new ray tracing revolution – at least in one game anyway.

We’re going to take an in-depth look at how the year actually played out and it’s been a challenging one for big green, to say the least. Nvidia has arguably ended the year in a tougher spot than when it started. Although the company has made some of its biggest leaps forward, they’ve also came with heavy caveats.

Nvidia in 2018

Nvidia at the start of 2018:

Nvidia kicked off the new year at CES 2018 talking about its big moves with powerful cards that would go into data centers and power AI, like that used in self-driving cars. 

It also hyped up the Max-Q versions of its 10-Series graphics cards, which offer desktop-like performance in thin-and-light laptops. 

But, what the company wasn’t doing at that time was announcing the replacements to the 10-Series. It showed off the new Titan V that was hardly a gaming-targeted, consumer-facing product, but little did we know that its Tensor cores would make their way into its new line of 20-series GeForce GPUs.

Still, in spite of nothing for gamers to get too excited about early in 2018, Nvidia was doing well.

Nvidia in 2018

Gamers’ pains, Nvidia’s gains:

One thing that was driving Nvidia at the beginning of 2018 was cryptocurrency. Popular cryptocurrencies like Bitcoin were booming, and miners needed powerful graphics cards to mine many of them. Nvidia’s were the most powerful around and the demand was huge.

Nvidia recordedrecord revenue in early 2018with a huge bump in graphics card sales. The company didn’t attribute the surge solely to cryptocurrency, rather crediting “new games, holiday-season demand, iCafe upgrades, esports and cryptocurrency mining,” in an earnings call.

As good as the sales were for Nvidia, gamers were hurting for much of the first half of 2018. The high demand formining graphics cardsdrove prices up, making it hard for gamers looking to upgrade or build new PCs without spending a fortune.

Nvidia made some efforts to ensure the core audience of gamers could still get their hands on GeForce graphics cards. One of the schemes Nvidia used to prevent miners from gobbling up all the GPU stock was encouraging retailers toprevent bulk buying. Some shops even went further bybundling graphics cardswith monito

Read More

Continue Reading